Data: SHFE, DCE market movement (Oct 30)

Published: Oct 30, 2020 15:16
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on October 30, 2020

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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SMM Morning Meeting Summary: Last Friday night, LME copper opened at $14,502/mt, initially drifted lower to touch a low of $14,480.5/mt, then drifted higher near the end of the session to touch a high of $14,551/mt, and finally closed at $14,563/mt, up 0.62%. Trading volume reached 21,000 lots, and open interest reached 265,000 lots, an increase of 2,021 lots from the previous trading day, reflecting increased positions by bulls. Last Friday night, the most-traded SHFE copper 2610 contract opened at 109,840 yuan/mt, initially drifted higher to touch a high of 109,950 yuan/mt, then its center gradually moved lower to dip to 109,620 yuan/mt, and finally closed at 109,900 yuan/mt, up 0.34%. Trading volume reached 17,200 lots, and open interest reached 151,100 lots, a decrease of 766 lots from the previous trading day, reflecting reduced positions by bears.
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